PNB Housing Finance receives IND AAA rating upgrade
after close1 source ↓written by the desknot a recommendation
- in non-convertible debentures
- ₹49.55 billion
- in bank loan
- ₹65 billion
PNB Housing Finance Limited has received a credit rating upgrade to 'IND AAA' from 'IND AA+' by India Ratings, reflecting a Stable outlook. This upgrade impacts ₹49.55 billion in non-convertible debentures and ₹65 billion in bank loan facilities.
The upgrade is driven by expected support from Punjab National Bank, PNBHF's strong market position, and improved financial performance, which may enhance investor confidence and liquidity in the near term.
Not investment advice. For informational purposes only.